Search Office Space for Lease in Georgia
The company has earmarked a plot in the city’s suburb of Duluth where it will lease nearly 350,000 square feet of office space from developers Duke Realty.
Georgia’s governor Nathan Deal welcomed the commitment from Primerica and highlighted the important role that the financial services business plays in the state-wide economy.
“We are elated that Primerica…will remain here where it was founded some 35 years ago,” he said.
The company currently has around 1,800 employees working from 10 different office space sites in Atlanta but its new headquarters will consolidate its campus of offices into a single purpose-built site.
It is anticipated that Primerica’s offices, which will form part of the ‘Legacy’ development in Gwinnett County, will be completed and open for business in the spring of 2013.
“The new building will allow us to provide enhanced service to our ‘one of a kind’ financial services distribution system,” said the company’s chairman of distribution and co-chief executive John Addison.
“It will be in a great location for members of our sales force across North America when they come to visit Atlanta and their home office,” he added.
Rick Williams, Primerica’s other co-chief executive, pointed to the straightened economic conditions currently being experienced in the US as one of the factors that made the move to the soon-to-be-established Atlanta offices possible.
“After 25 years in our existing location, the current economic environment provides an opportune time for us to move into a significantly improved facility with only a modest change in our underlying economics,” he said.
Earlier this year the real estate investment giant Parkway Properties acquired the 50-storey office tower at 3344 Peachtree in the Buckhead area of Atlanta for a price of some $167.3 million. It was one of the biggest office space property deals seen in the city in recent years.
Editor’s notes: As of July 2023, Primerica’s headquarters were listed as 1 Primerica Pkwy Duluth, Georgia.
In 2020, during the pandemic, the insurance company paid out $1.7 billion in death claims which was a 15.8% increase over the previous year.
In July 2021, Primerica acquired health insurance marketer, e-Telequote.
The financial services company ended 2021 with $900 billion in active-term life insurance.
For the 12 months ending March 31st 2023, Primerica’s revenue was $2.719 billion – a 1.6% decline year-over-year.